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Business Owners

Financial Planning for Business Owners

Starting your own business is no simple task --- it takes a great deal of initiative and requires a lot of time and dedication. Furthermore, building your own business requires careful long-term planning and goal setting.

Risks and Possible Solutions*

Business owners should consider planning for risks associated with owning a business.

Which plan(s) may work for you?

Which plan may work for you and your business depends upon your personal, financial, business and legal planning objectives.

As a Waddell & Reed advisor, I work with other Waddell & Reed financial advisors, as well as other business and legal advisors to help you put together a plan. We use a personal, professional and objective financial planning process that:

  • helps you define your business and personal financial objectives;
  • identifies what's important about your business and money to you;
  • takes into account all of your assets including valuing your business interest;
  • analyzes your current and projected financial situation relative to each of your important financial and business objectives;
  • presents alternatives for you to consider to make informed decisions; and
  • updates your plan to reflect changes in your situation.

No business plan is complete until it is integrated into a personal financial analysis and plan.

Depending on your personal financial situation, your financial advisor team can help you create a specific financial plan that can incorporate basic and advanced planning strategies to help you work toward the financial objectives that are most important to you and your family.

To help accomplish this, we bring you the full scope of our comprehensive financial planning services.*

Our Business Planning Strategies service analyzes the value of a business under multiple valuation methods. It can also address issues important to business continuity and executive compensation planning.

Our Waddell & Reed FOCUSPlan® services provide personalized planning that can address any number of financial planning considerations, such as retirement, survivor income needs, education and goal funding, estate review, income tax planning, disability income planning and long-term care planning.

Our other planning services may be useful in conjunction with the development of your business and personal financial plan. These services include:

Investment Planning Services 

This service provides advanced asset allocation strategies for specific financial objectives based on individual time horizons and risk tolerance levels.

Wealth Planning Services

This service analyzes the probability of success of your current and proposed plans, using a statistical analysis that considers the impact and likelihood of various economic uncertainties, including investment volatility.

Estate Planning Strategies

This service analyzes your current estate and the effects of implementing various estate planning techniques and strategies, such as wills, revocable trusts, irrevocable trusts and gifting programs. Please consult your tax advisor for tax advice regarding your personal situation.

Please contact Vincent Montenegro, CFP® if you have any questions about Waddell & Reed or the range of financial products and services we provide.


*Waddell & Reed offers financial planning services in its capacity as a Registered Investment Adviser. Please contact a Advisor for more information or request a copy of the Waddell & Reed, Inc. Financial Planning Advisory Services Brochure for a complete discussion of these services and the fees associated with them.

Investing involves risk, including the potential for loss of principal.

06/18